Clarity Now

Can you be employed and pay your own tax?

You pay tax on your self-employed profits at the same time as you pay tax on all of your other income for a tax year under Self Assessment. Remember you p...

data and analysis

Do you still need 1095 to file taxes 2020?

If you are expecting to receive a Form 1095-A, you should wait to file your income tax return until you receive that form. However, it is not necessary to...

health and wellbeing

How to get a copy of your 2019 tax return?

To get a copy of your 2019 tax return that you filed this year, sign back in to your account and either: Select Download/print return if your return has b...

environment and climate

How much is per diem for pilots?

Per diem rates typically range between $1.50 per hour to $3.00 per hour, with the higher end of the range typically being paid out when flying internation...

data and analysis

What is a DBA in real estate?

Regarding “Fictitious Business Names” The Real Estate Law requires that a fictitious business name (also known as a DBA) must appear. on your broker or co...

culture and society

How long do federal and state tax returns take?

If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If ...

culture and society

What is mandatory for companies?

Every Company shall get its name, address of registered office, CIN, telephone and email printed on all business letters, billheads, letter papers. Notice...

media and communication

When do you have to fill out Form 709?

If in 2020 you gave someone cash or property valued at more than $15,000, you’ll have to fill out Form 709 for gift tax purposes. Where do I find the unif...

environment and climate

How do you secure a shareholders loan?

There are a number of ways to secure your shareholder’s loan. The most common is to obtain a General Security Agreement. This is a document given by the c...

education and learning

When should you impute interest on a loan?

Every month, the IRS publishes a list of current Applicable Federal Rates, which reflect market conditions. For example, in June 2018, the AFR for loans o...

civics and society

Is discussing salary gross misconduct?

The short answer is no, they can’t. Employees have the legal right to discuss pay if they choose to, and it’s illegal for employers to ban those discussio...

science and technology

Can rental expenses be carried forward?

Similar to business income, rental losses can be used to offset income earned from other sources. If your rental loss is more than your income from other ...

How does a LLC get taxed as a corporation?

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